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⏰ Read time 5 mins

 _{^{Whats Moving the markets}} 
🚀 New highs after new highs

Earnings week is always crazy. The S&P 500 manage to close +1.36% with META hitting all time highs , beating earnings and leading with a 20% gain ! AMZN, NVDIA, MSFT, BRK & GOOGL were other names that hit new highs.

The Canadian market was flat with the TSX gaining +0.01% just another snooze fest. The drawdown was led by financials including BMO & BN. CP led the gains this week after reporting good earnings. Canadian stocks are down mostly because of the interest rates with majority of Canadian companies holding a lot of debt.

🥵 Zuckerberg 4th richest man

Forbes estimated that Zuckerberg’s net worth increased by $29 billion on Friday alone due to the dramatic increase in Meta’s share price. Bringing his net worth to $167. 9 billion & making him the 4th richest man just below Bezos.

🚀 Warren Buffets Portfolio the last 20 years

bdinvestingg

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🔎 ^{_{Earnings & hidden gems}}
  Meta announces first-ever dividend and $50 billion in share buybacks

  Apple stock falls after company gives outlook suggesting weak iPhone sales

• Meta ✅ beats earnings EPS $5.33 vs $4.91 expected (+202% YoY)

• Amazon ✅ beats earnings EPS $1.00 vs $0.80 expected (+200% YoY)

• Google ✅ beats earnings EPS $1.64 vs $1.59 expected (+60% YoY)

• Apple ✅ beats earnings EPS $2.18 vs $2.11 expected (+16% YoY)

🚨Stock Im buying

Payfare , a Canadian global fintech company offering digital banking, instant payment and loyalty-reward solutions for today’s gig economy workforce including Doordash , lyft & Uber workers.

Payfare Inc has grown revenue at 53.62% over the past year, which is strong growth. Also, it has seen its net income increase by 206.61% over the past year, which suggests its profits are growing at a strong rate. It has a stockunlock score of 4.38/5 (stockunlock)

Ticker: Pay.to the company became profiable in 2022. BD currently has $1000 invested and its already up 16%. This is not financial advice. Please do your research.

🚨Insider sales

Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason. 👀 I share more insider sales in my discord. Bdinvesting.org 

^{_{Headlines you need to know}} 📰
 ❌ Fed holds rates steady, indicates it is not ready to start cutting

🇨🇦 Microsoft market cap now bigger than Canada’s stock exchange (TSX)

🕹️ Netflix streams 7 of the top 10 streaming programs in 2023

❌ Paypal , UPS to lay off workers

Mentions of job cuts in earnings calls hits Pandemic Peak - PayPal to cut 9% of workforce - Block to cut 10% of workforce - Deutsche Bank to cut 3,500 jobs (4% of workforce) - UPS to cut 12,000 jobs

💀 Peloton hits new record low, stock down 98% from record high

• Elon Musk $55B Tesla pay package voided by a judge Tesla will hold a shareholder vote to transfer its state of incorporation to Texas (from Delaware)

• Evergrande, China's largest real estate developer, must be liquidated

• WALMART TO OFFER STORE MANAGERS UP TO $20,000 IN STOCK GRANTS

• Walmart Plans to Open or Expand 150 Stores in the U.S., Company Memo Says

• Amazon and iRobot have Terminated their deal for Amazon $AMZN to acquire iRobot $IRBT

• Universal Music Group (UMG) — the world’s biggest music company — is pulling its entire catalogue from TikTok after the app failed to extend its licensing agreement.

• INDIA'S TATA IN ADVANCED TALKS WITH PEGATRON FOR AN IPHONE ASSEMBLY PARTNERSHIP AT PLANT IN TAMIL NADU STATE

₿ Crypto Corner

• Bitcoin stuck near 44k

• Spot Bitcoin ETFs now hold +3.3% of the current BTC supply

• BlackRock's spot #Bitcoin ETF now holds $3 billion worth of $BTC.

• Google updates policy allowing Bitcoin & crypto trust products to be advertised

Oh Canada 🇨🇦

• North American pipeline operator Enbridge (TSX:ENB) plans to cut its workforce by 650 jobs in February

• Manulife Financial, the largest insurance provider in Canada, will only offer coverage for certain prescription drugs at Loblaw-owned pharmacies, including Shoppers Drug Mart, according to The Canadian Press.

• Ontario government is moving forward with a multibillion-dollar plan to refurbish four outdated reactors at the Pickering nuclear plant

• Canada's 2022 fertility rate lowest on record, StatsCan reports

• Toyota Canada issues 'do not drive' warning for 7,300 cars over airbag defects

• igher prices will start coming to Metro Inc. grocery stores as soon as next week after an industry-wide blackout period on supplier price increases comes to an end, CEO Eric La Flèche said Tuesday.

  

  Enbridge to layoff workers

Economics 📊

• Powell doesn’t think it’s likely that FED cuts rates in March

• Odd of FED cutting rates in March drop to fresh low of 20%. In December odds were at +90%

• Former President Trump says he will fire FED Chair Jerome Powell if elected in 2024 

• US economy adds 353,000 jobs in January, above expectations of 187,000

• U.S December jobs report revised up with 333,000 jobs added rather than the 216,000 originally reported.

• US Unemployment Rate has been below 4% for 24 months, the longest streak since the late 1960s

• Over 82,000 layoff announcements in January 2024 (second worst January since 2009). Meanwhile, the US reported that 353,000 jobs were created in January. Something isn't adding up here (The Kobeissi Letter)

Market Prediction 📊

February 13 is the next inflation report for the US, the last report came higher but i’m predicting inflation will come lower this month to around 2.9-3% Everyone is currently predicting interest rate cuts will be in May but previously everyone predicted rate cuts in March. After this inflation report the chances of a interest rate cut will be back on for March.

A lower inflation rate in February will most likely trigger a stockmarket rally in tech, utilities & real estate stocks.

BD investing Discord 👥

This week we went 1/1 on our trades. Currently holding 2 long trades in MARA and AMD. With earnings season, the risk on trades and volatility increases significantly so i’m careful trading stocks.

In January we had a track record of 9 wins 4 losses giving us a 70% win rate this month. 9/13

01/29 MSFT 440C 50% ✅ 75% runner

Make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣